Pinduoduo's "Trillion-Yuan Support" Plan: A Three-Year, 100 Billion Yuan Investment to Build a Multi-Win Business Ecosystem
Pinduoduo's "Trillion-Yuan Support" Plan: A Three-Year, 100 Billion Yuan Investment to Build a Multi-Win Business EcosystemOn April 3, 2025, Pinduoduo's Merchant Rights Protection Committee (hereinafter referred to as "Merchant Protection Committee") officially announced the launch of its "Trillion-Yuan Support" plan. This plan will invest over 100 billion yuan (approximately US$14 billion) in funds and traffic resources over the next three years to comprehensively support platform merchants in their high-quality transformation and upgrading, creating a win-win-win business ecosystem for users, merchants, and the platform...
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Huya's 2024 Financial Report Highlights Impressive Growth and Successful AI-Driven Transformation
Huya's 2024 Financial Report Highlights Impressive Growth and Successful AI-Driven TransformationHuya Live recently announced its Q4 2024 and full-year financial results, demonstrating strong growth momentum and the positive outcomes of its strategic transformation. The report shows that Huya's total revenue for 2024 reached RMB 6...
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EY Launches "EY Intelligent Q&A," an Innovative Product Integrating Cognitive Intelligence and Professional Expertise to Support Sustainable Development
EY Launches "EY Intelligent Q&A," an Innovative Product Integrating Cognitive Intelligence and Professional Expertise to Support Sustainable DevelopmentOn March 17th, EY Greater China launched its first innovative product integrating cognitive intelligence and professional expertise "EY Intelligent Q&A." This marks a significant milestone in EY's practice of "New Quality Productivity...
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China's Government Work Report First Mentions "AI+ Action": Kuaishou's Kuailing AI Leads Globally, Empowering Thousands of Industries
China's Government Work Report First Mentions "AI+ Action": Kuaishou's Kuailing AI Leads Globally, Empowering Thousands of IndustriesOn the morning of March 5th, the State Council Information Office held a briefing to interpret the Government Work Report and answer reporters' questions. Chen Changsheng, a member of the drafting group of the Government Work Report and Deputy Director of the State Council Research Office, specifically mentioned the 2024 Government Work Report's first proposal of "AI+ action," noting the accelerated pace of China's AI development around the Lunar New Year...
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The China Banking and Insurance Regulatory Commission (CBIRC) Launches Pilot Program for M&A Loans to Tech Firms in 18 Cities to Support the Construction of a Strong Technological Nation
The China Banking and Insurance Regulatory Commission (CBIRC) Launches Pilot Program for M&A Loans to Tech Firms in 18 Cities to Support the Construction of a Strong Technological NationOn March 6th, the CBIRC officially announced a pilot program for mergers and acquisitions (M&A) loans for technology companies in 18 cities, including Beijing, Shanghai, Hangzhou, and Shenzhen. This initiative aims to channel more financial resources into technological innovation, accelerate the construction of a tech-finance system that meets the needs of technological innovation, foster the development of new productive forces, and ultimately achieve high-level technological self-reliance and self-improvement, contributing to the ambitious goal of building a strong technological nation...
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Baidu's 2024 Financial Report: AI Strategy Drives Revenue Growth, Smart Cloud Leads the Large Model Race
Baidu's 2024 Financial Report: AI Strategy Drives Revenue Growth, Smart Cloud Leads the Large Model RaceBaidu released its fourth-quarter and full-year 2024 financial report on the evening of February 18, 2024. The data reveals record-high annual revenue of RMB 133...
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Global Personal Smart Audio Market in 2025: Opportunities and Challenges Amidst Strong Growth
Global Personal Smart Audio Market in 2025: Opportunities and Challenges Amidst Strong GrowthCanalys' latest report predicts significant growth in the global personal smart audio market in 2025, projecting shipments to reach 533 million units, an 8% increase from 494 million units in 2024. This growth is driven by shifting media consumption habits, continuous software service innovation, and ongoing hardware breakthroughs...
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Douyin's 2025 Spring Festival Consumption Data Report: Livestreaming Significantly Boosts Offline Consumption, Intangible Cultural Heritage and Tourism Emerge as New Highlights
Douyin's 2025 Spring Festival Consumption Data Report: Livestreaming Significantly Boosts Offline Consumption, Intangible Cultural Heritage and Tourism Emerge as New HighlightsDouyin's recent release of the "2025 Spring Festival Consumption Data Report" reveals a robust increase in offline consumption during this year's Spring Festival holiday. Fueled by diverse short videos and livestreaming content focusing on intangible cultural heritage, local tourism features, and returning-home exploration, the platform's food, drink, play, and group-buying orders increased by nearly 1...
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Douyin's 2023 Spring Festival Consumption Data Report: A Collision of Robust Consumption and Diversified New Year Customs
Douyin's 2023 Spring Festival Consumption Data Report: A Collision of Robust Consumption and Diversified New Year CustomsDouyin's Life Services released its "2023 Spring Festival Consumption Data Report," revealing consumption patterns and user preferences from Lunar New Year's Eve (January 21st) to the sixth day of the Lunar New Year (January 27th). The data shows exceptionally strong consumer demand during this year's Spring Festival...
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Trump's Elimination of the $800 De Minimis Import Threshold: Shockwaves for Cross-Border E-commerce
Trump's Elimination of the $800 De Minimis Import Threshold: Shockwaves for Cross-Border E-commerceThe Trump administrations imposition of new tariffs on goods from China, Canada, and Mexico has generated global concern, extending far beyond the simple increase in duties. Central to this policy is the elimination of the long-standing exemption from import taxes for packages valued under $800, a change that has delivered a significant shock to the cross-border e-commerce industry, particularly Chinese businesses...
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Douyin 2024 Platform Governance Report: Safeguarding Security, Building a Better Community
Douyin 2024 Platform Governance Report: Safeguarding Security, Building a Better CommunityOn January 26, 2024, Douyin released its 2024 Platform Governance Report, comprehensively summarizing its measures and achievements in platform governance and ecosystem optimization over the past year. The report shows that in the face of emerging online issues constantly arising in the digital age, Douyin has taken proactive measures in innovating rules, combating violations, and strengthening cybersecurity, achieving significant progress...
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Xbox Series X|S Officially Supports External Hard Drives Larger Than 16TB: Saying Goodbye to Storage Worries
Xbox Series X|S Officially Supports External Hard Drives Larger Than 16TB: Saying Goodbye to Storage WorriesMicrosoft recently rolled out a significant update for Xbox Insider Alpha-Skip-Ahead users, enabling Xbox Series X|S consoles to officially support external hard drives exceeding 16TB. This is exciting news for players with extensive game libraries who have long struggled with limited storage space...
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